Metro Atlanta housing market surges in Q3

November 15, 2013 By In Uncategorized No Comment

IN THE RIGHT LOCATIONS WITH THE RIGHT PRODUCT AND PRICING THE SALES PACE CONTINUES TO RISE.  MUSIC TO OUR EARS. Atlanta’s new home starts spiked 76 percent annually and closings jumped 37 percent in the third quarter. Metro Atlanta’s housing market performed quite nicely in the third quarter, according to national housing information and consulting

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GEORGIA HAS NO 1 BUSINESS CLIMATE FOR 2013

November 15, 2013 By In Uncategorized No Comment

This will continue to bode well for our industry as business’ are attracted to our State: ————————————————————————————————————————————————————————————- Economic development trade publication Site Selection magazine has ranked Georgia’s business climate the nation’s best, Gov. Nathan Deal announced Monday. “For three years, I’ve said I wouldn’t stop until we got to the top, and I haven’t,” the

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Atlanta has nation’s most affordable housing

November 15, 2013 By In Uncategorized No Comment

Personal incomes aren’t growing quick enough nationally to keep up with rising home prices, but Atlanta is the nation’s most affordable housing market, a new report from Interest.com says. Personal incomes aren’t growing quick enough nationally to keep up with rising home prices, but Atlanta is the nation’s most affordable housing market, a new report

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Mortgage lenders are starting to accept lower credit scores and smaller down payments.

November 15, 2013 By In Uncategorized No Comment

Last month, the average FICO score for a closed home loan was 732, down from 750 a year ago, shows data from mortgage tracker Ellie Mae. The average down payment was 19%, vs. 22% a year ago. What’s more, almost one-third of closed loans had FICO scores under 700, vs. 17% a year ago. The

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New-Home Sales Not So August

November 15, 2013 By In Uncategorized No Comment

Mortgage Rate increases over the last few months has played a role in our home sales pace.  It is important to keep our pulse on this data moving forward as we strategically position our neighborhoods and make the proper assumptions in our absorptions.   —————————————————————————————————————————–     Metro Atlanta home prices rose in August, but

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HOME PRICE INCREASES ARE SLOWING

November 15, 2013 By In Uncategorized No Comment

Home price increases that we have enjoyed over the last 9-12 months are slowing down  in  markets across the country Price increase strategies should be reined in.  A rising interest rate environment and double digit  price increases over the last 12 months have the new home buyers hitting their limits of what they will or

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Mortgage lenders are starting to accept lower credit scores and smaller down payments.

November 15, 2013 By In Uncategorized No Comment

Last month, the average FICO score for a closed home loan was 732, down from 750 a year ago, shows data from mortgage tracker Ellie Mae. The average down payment was 19%, vs. 22% a year ago. What’s more, almost one-third of closed loans had FICO scores under 700, vs. 17% a year ago. The

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Metro Atlanta home sales dip, prices rise

November 15, 2013 By In Uncategorized No Comment

Mortgage Rate increases over the last few months has played a role in our home sales pace.  It is important to keep our pulse on this data moving forward as we strategically position our neighborhoods and make the proper assumptions in our absorptions.  Metro Atlanta home prices rose in August, but sales declined, according to

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LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. INVESTOR DEMAND SLOWS DOWN

November 15, 2013 By In Uncategorized No Comment

AS THE BANKS CONTINUE TO OFFER  MORE AND MORE LENDING OPPORTUNITIES FOR BUILDERS,  THE INVESTORS WHO HAVE BEEN IN THE HOUSING MARKET GAME ARE BEGINNING TO LOOSE INTEREST.  THE LOW TEENS RETURNS VS MID TO HIGH 20% RETURNS HAS INVESTORS SEEKING OUT ALTERNATIVE INVESTMENT OPPORTUNITIES.   LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. The proportion of

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PRICE INCREASES SLOWING DOWN

November 15, 2013 By In Uncategorized No Comment

Home price increases that we have enjoyed over the last 9-12 months are slowing down  in  markets across the country Price increase strategies should be reined in.  A rising interest rate environment and double digit  price increases over the last 12 months have the new home buyers hitting their limits of what they will or

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